Bebe Announces Job Cuts, New Leadership
Bebe stores, inc. announced that Manny Mashouf has rejoined its management team as chief executive officer and that Walter Parks has rejoined as president, chief operating officer and interim-chief financial officer. Former CEO and board member Jim Wiggett and former CFO Liyuan Woo are no longer with the company. Bebe further announced that it has instituted a workforce reduction that will result in the elimination of a total of approximately 45 positions across the design, merchandising, production, information technology and support functions of the company. This represents approximately a 14.6 percent reduction in corporate headcount.